Singapore July 2022: Toyota up to 26.1% share, Mercedes, BYD, Porsche defy market off -26.6%

Porsche sales are up 80% in a market down -26.6%.

Note: June figures are included in the data section of this article.

The Singaporean new car market implodes -26.6% year-on-year in July to 2,529 registrations. This is a particularly poor result as July 2021 was already down -28.6% on the year prior. The year-to-date volume now stands at 19,096, off -34.6% on the same period a year ago. Toyota (-14.9%) resists much better than the market and shoots up to 26.1% share vs. 22% so far this year. Mercedes (+12%) manages to score the only year-on-year uptick in the Top 7 but its market share (15.4%) remains below its YTD level (17.4%). Honda (-20.1%) overtakes BMW (-42.1%) to snap the 3rd place while Hyundai (-27.2%) almost matches the market evolution and rounds out the Top 5. BYD (+4233.3%) posts a surreal gain at #6 while Porsche (+80%) is the only additional gainer in the Top 10. All remaining brands enduring double-digit losses, Audi (-72.4%) and Kia (-63.4%) hit the hardest.

Previous post: Singapore May 2022: MG, BYD shoot up, sales down -21.7%

One year ago: Singapore July 2021: Toyota reclaims lead in market off -28.6%

Full June and July Top 40 all brands rankings below.